What is Aggregate Planning in Supply Chain?
What is Aggregate Planning in Supply Chain? Aggregate planning in supply chain refers to creation, analysis and upkeep of a tentative, casual schedule of a preliminary, unrealistic schedule of the aggregate operations of an organization. It defines the best production rates, inventories and work force requirements on a medium term basis. Significance of Aggregate Planning […]
Who are Logistics Service Providers?
What is a Logistics Service Provider? Logistics Service Providers (LSP) manage warehousing, order fulfilment, inventory tracking, shipping, returns processing, and payment management. These logistics services enhance operational flow, reduce delivery errors, and increase the overall efficiency of the supply chain. As a reliable service provider, they ensure that businesses meet customer expectations with timely and […]
What is average order value?
What is Average Order Value (AOV)? This is one of the fundamental AOV eCommerce metrics, and it essentially shows how much money, on average, a customer spends during any transaction with one company. Businesses track the AOV to decide on marketing, pricing, and other considerations based on the moods and buying patterns of typical customers. […]
